Nonprofit Issues Newsletter, April 2023
Entrusted with Uncertainty
Christian nonprofits face unique challenges in uncertain times. But organizations with stable and time-tested operational plans in place will be better prepared to continue serving out their missions in the midst of external challenges and changes.
In this Outcomes magazine article, Managing Partner Fran Brown and Partner Stan Reiff discuss three key considerations for Christian nonprofits as they manage uncertainty.
Quick, Easy Wins to Help Your Institution Prevent Title IV Compliance Findings
Performing a compliance risk assessment and implementing proactive measures between audits could result in the early identification of errors and help prevent future Title IV compliance findings.
These actions do not have to be time-consuming or expensive. And they can be done by someone in an existing financial aid role. Here are five proactive measures for higher education institutions to consider.
Steps Churches Can Take in Response to the Recent Bank Failures
With the concern about the stability of the banking industry and increased focus on the risk associated with deposits over the FDIC-insured limit of $250,000, how can you make sure your church is protected?
Our recent article provides suggestions for next steps and ways you can mitigate your risk.
Recent FBAR Cases Provide Important Takeaways for Taxpayers
Two recent court cases related to FinCEN Form 114, Report of Foreign Bank & Financial Accounts (FBAR), highlight several key issues that are important for taxpayers with non-U.S. financial accounts.
Introducing The Capin Center for Nonprofit Excellence
We are very pleased to announce that The Global Center for Nonprofit Excellence, which joined CapinCrouse in 2022, is now The Capin Center for Nonprofit Excellence.
The Center’s mission is to help nonprofits, industry leaders, and funders connect as a collaborative community for the greatest positive impact. This launch furthers our firm’s mission to be empowered professionals providing innovative services and underscores our focus on helping nonprofits change lives.
We invite you to visit thecapincenter.com for valuable nonprofit resources and links, thought leadership, and best practices, as well as information about The Center’s OpX360® online assessment tool, which provides organizations with recommendations for excellence.
Join Us at These Upcoming Church and Cyber Series Webcasts
Register for our free “Activate Your Building for Community Impact” webcast on Tuesday, May 9 at 1 p.m. EDT for insight on how using your buildings to fund your ministries could create a middle ground between mission and monetization for your church. Learn more and register.
And join our “18 Critical Security Controls – Part 1” Cyber Series webcast on Wednesday, May 24 at 1 p.m. EDT to learn about effective information security controls for nonprofits and how to implement them within your organization to mitigate risks. Learn more and register.
Free Resources to Help You Implement the New Accounting Standard for Leases
The new accounting standard for leases is required for all nonprofits with fiscal years beginning after December 15, 2021 (calendar 2022 year-end; fiscal years ending in 2023). Don’t miss our free resources designed to help you with planning and implementation.
The CapinCrouse Lease Toolkit includes a Key Lease Decision Reference Guide, Lease Information Gathering Form, and Lease Calculation Tool. Access your free copy here.
Our “Implementing the New Accounting Standard for Leases” article series will walk you through the steps in the Key Lease Decision Reference Guide, with important action steps and quick tips. Read and download the series here.
Insight and Best Practices to Help Churches Strengthen Integrity
Integrity is vital for churches. During the free “Strengthening Integrity” online workshop from XPastor and ECFA on May 3 – May 4, CapinCrouse Partner Rob Faulk will share best practices for board oversight of your church’s financial operations.
Join Rob and other church industry thought leaders for two days of insight. Learn more here.
We are honored to share that CapinCrouse has once again been designated as an Accounting Today Top Regional Leader. It is our third consecutive year being named to this annual ranking of leading firms, based on revenue.
We are grateful for the support of our nonprofit clients and the hard work and dedication of our team. Thank you!
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